566,320 Shares in Denison Mine Corp $DNN Bought by Triasima Portfolio Management inc.

Key Points

• Triasima Portfolio Management initiated a new stake in Denison Mine, buying 566,320 shares in Q3 valued at about $1.56 million, representing roughly 0.06% of the company.
• Several large institutions materially increased or opened positions—most notably DAVENPORT & Co LLC (now 7,123,000 shares) and Vident Advisory (9,755,610 shares)—and institutional ownership stands at about 36.74%.
• Wall Street sentiment is positive: Raymond James reaffirmed an "outperform" and the consensus from four analysts is a Buy; DNN is trading near $3.66 with a market cap of about $3.30 billion.

Triasima Portfolio Management inc. bought a new position in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 566,320 shares of the basic materials company's stock, valued at approximately $1,559,000. Triasima Portfolio Management inc. owned approximately 0.06% of Denison Mine as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. DAVENPORT & Co LLC raised its position in Denison Mine by 4,648.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 7,123,000 shares of the basic materials company's stock worth $19,588,000 after buying an additional 6,973,000 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Denison Mine during the second quarter valued at approximately $7,998,000. BW Gestao de Investimentos Ltda. purchased a new stake in shares of Denison Mine in the second quarter worth about $5,333,000. Vident Advisory LLC grew its stake in shares of Denison Mine by 41.9% in the 2nd quarter. Vident Advisory LLC now owns 9,755,610 shares of the basic materials company's stock worth $17,755,000 after buying an additional 2,881,618 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Denison Mine by 35.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,945,229 shares of the basic materials company's stock valued at $16,367,000 after buying an additional 2,338,325 shares during the period. 36.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Raymond James Financial reaffirmed an "outperform" rating on shares of Denison Mine in a research report on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy".

Denison Mine Stock Down 0.9%

DNN stock opened at $3.66 on Tuesday. The stock's fifty day simple moving average is $2.79 and its two-hundred day simple moving average is $2.56. The company has a current ratio of 11.97, a quick ratio of 11.78 and a debt-to-equity ratio of 1.49. The stock has a market cap of $3.30 billion, a P/E ratio of -24.55 and a beta of 1.25. Denison Mine Corp has a 1-year low of $1.08 and a 1-year high of $3.80.

Denison Mine Company Profile

Denison Mines Corp. NYSEAMERICAN: DNN is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company's core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison's flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world's most prolific uranium districts.

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